Home / Knowledge / News / Fashion / Private fashion label collections grow at MBFG for Q4, 2005

Private fashion label collections grow at MBFG for Q4, 2005

27
Feb '06
Fashion company Mariella Burani informed that its Board of Directors (BOD) approved the Group's consolidated financial report for the three month period ended December 31, 2005, prepared in accordance with International Accounting Standards and International Financial Reporting Standards (IAS/IFRS), which reflects sustained growth for the full year ended December 31, 2005.

MBFG 2005 consolidated revenues increased to € 482.4 million compared to € 429.6 million of 2004 (+12.3 percent). Revenue growth was primarily driven by the:

- Strong organic growth (+ 20.4 percent) of the leather goods division (Antichi Pellettieri). driven by Braccialini handbag and accessory collections (+ 50.6 percent), Baldinini footwear collections (+ 35.7 percent), and Francesco Biasia handbag and accessory collections (+ 10.2 percent),

- Growth of the Mariella Burani and Rene Lezard collections,

- Condolidation of Bernie's, one of Switzerland's leading luxury goods retailers,

- The Group's expanded retail network (241 boutiques world-wide as of 31 December 2005) with revenues generated from Directly Operated Stores (DOS) accounting for 36 percent of 2005 consolidated revenues (+22.2 percent from 2004),

- reinforced market presence in rapidly expanding geographic markets such as Eastern Europe, Russia, the Middle and Far East; regions which, on average, realised growth rates of 15 percent.

Ebitda reached € 61 million for the year, reflecting an increase of 34.9 percent from the € 45,2 million generated in 2004. The significant improvement in Ebitda is primarily attributable to


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Feb 2020

Turkey, Pak want to raise bilateral trade volume to $5 bn

Turkey and Pakistan want to raise bilateral commercial and economic...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

Bangladesh RMG exporters expect order shift from Cambodia

Bangladesh's readymade garment (RMG) exporters feel the suspension of ...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

GMAC dissatisfied with EU following partial EBA suspension

Expressing disappointment over the February 12 decision by the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search